Yingli Q2 Shipments Hit All-Time High

Enter Q2 2013 in the record books for Yingli Green Energy (NYSE: YGE  ) . During the period, the company notched its all-time high in PV module quarterly shipments, increasing them by nearly 24% on a quarter-over-quarter basis. That boosted Q2 net revenues to 3.4 billion yuan ($550 million), up from the 3.1 billion ($502 million) in the same period the previous year. Attributable net loss tapered considerably to 320.8 million yuan ($52 million, or $0.33 per diluted share) from Q2 2012's 573.0 million yuan ($93 million; $0.59) shortfall.

Analysts had been expecting a top line of $506.7 million and a per-share loss of $0.32.

Yingli also provided forward guidance. For the entirety of fiscal 2013, it believes PV module shipments will total 3.2 GW-3.3 GW. That would be an improvement of 39.4%-43.7% over 2012's figure.


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8/28/2014 4:04 PM
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